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Impact of Managerial Entrenchment on Financial Flexibility and Leverage of Small Public Firms : Policy Implications for Global Economic Crisis

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This paper examines the impact of managerial entrenchment on financial flexibility, and financial leverage decisions of small public firms compared to medium and large firms based on market capitalization quartiles. E-index is a proxy for managerial entrenchment, and excess cash is a proxy for...

Persistent link: https://www.econbiz.de/10014257335